Advertisements
Advertisements
Question
Wages paid for installation of machinery wrongly debited to wages account is an error of ______.
Options
Partial omission
Principle
Complete omission
Duplication
Advertisements
Solution
Wages paid for installation of machinery wrongly debited to wages account is an error of principle.
APPEARS IN
RELATED QUESTIONS
A transaction not recorded at all is known as an error of ______.
What is meant by the error of partial omission?
What is meant by the error of complete omission?
What are compensating errors?
State the account/s affected in the following error:
The total of purchases book ₹ 4,500 was posted twice.
What is the main impact of two-sided errors, such as errors of principle or compensating errors, on the trial balance?
When a transaction is recorded in one book but not posted to the related account, which type of error does this represent?
Breaking accounting rules and misclassifying accounts is known as which type of error?
Why is a suspense account used in correcting accounting errors?
What is the correct method of rectifying two-sided errors once they are discovered?
